Voluntary car insurance policies, CASCO, had the biggest share of revenues in the company’s portfolio, amounting to RON105.75 million, from RON85.74 million in the same period last year.
Civil liability car insurance, RCA, dropped to the second position, as revenues on this segment declined to RON67.11 million in this first half of 2011 from RON103.78 million in the same period the year before.
Insurance against fire and natural disasters rank third, with underwritten premiums of RON40.17 million, up 16.5% from the first half of 2010.
BCR Asigurari paid damage claims of RON162.01 million in the first half of the year, down 6.7% from the same period last year.
With a share capital of RON123.39 million, BCR Asigurari started operations in 2005 and is 95.93% owned by Austria’s Vienna Insurance Group (VIG).
Last year, the Romanian insurer’s revenues from underwritten premiums declined 6.7%, to RON522.01 million, which placed it seventh among domestic insurers, with a 6.29% market share.
In July, shareholders of BCR Asigurari and Omniasig approved the two companies’ merger. VIG owns 98.86% in Omniasig.
With the takeover, BCR Asigurari becomes the biggest player on the local insurance market.
By revenues from premiums in 2010, the current top two players are Astra and Allianz-Tiriac.
VIG also owns insurer Asirom on the Romanian market.